The Spanish government on Tuesday approved the energy storage strategy, targeting some 20 GW of storage capacity in 2030 and reaching 30 GW by 2050 from today’s 8.3 GW. Storage that is currently available in Spain comes mainly from pumped hydro and concentrated solar power (CSP) plants, to which the [...]
As expected, the total volume of 3 GW to be awarded in this first auction in Spain is split into 1 GW of wind power and 2 GW of photovoltaic (PV). As this very first auction is a non-specific tender, neither storage, manageability of delivery with a specific quota reserved [...]
Renewables investor Cubico has achieved financial close on the refinancing of the Spanish Andasol 1 and Andasol 2 concentrated solar power (CSP) projects, totalling 100MW. The refinancing of the 50MW projects, both located in Granada, was completed with two green loans. The green loans comply with the Green Loan [...]
Cubico Sustainable Investments has agreed to buy 100 MW of Spanish CSP power capacity and 174 MW of PV capacity from Grupo T-Solar, the company announced in a statement. Cubico will acquire the 50 MW Moron and Olivenza CSP plants, expanding its Spanish CSP portfolio to 250 MW. The fund bought [...]
DNV GL, the world's largest resource of independent energy experts and certification body, carried out a vendor due diligence for T-Solar Global Operating Assets that was key for the company sale transaction. The review of the company’s operational and pipeline portfolio included sixty-nine assets and was prepared for potential [...]
Cubico has agreed to acquire a 274MW solar platform with operational assets in Spain and Italy from I Squared Capital. The Grupo TSolar platform comprises 47 operational assets that spans 167 MW of solar photovoltaic capacity and 100 MW of concentrated solar power across Spain, as well as 7MW of [...]
Spanish pulp producer and renewable energy group Ence Energia y Celulosa has agreed to sell its 90% stake in the 50-MW Termollano concentrated solar power (CSP) plant to Madrid-based investment fund manager Q-Energy. The parties agreed on a price of EUR 168 million (USD 199.5m) for the stake in Ence [...]
Concentrating Solar Power (CSP) was the most representative technology of the renewables deloyed in Andalusia and the great international expansion from national companies such as Abengoa, Sener or TSK. The change that the previous Government applied to the feed-in tariff of renewables in 2012 – when Spain was on [...]
SolarPACES spoke with Nandu Bhula who has been with the team responsible for the success of ACWA Power’s 50 MW Bokpoort trough Concentrated Solar Power (CSP) plant in South Africa since the start, first as CEO while the project was being built, and currently as Chairman of the Board. Commissioned [...]
The 10th CSP Focus, which takes place in China, brings together more than forty global speakers from the concentrated solar power sector with the aim of sharing information and promoting the expansion of the use of solar thermal energy. Gonzalo Martín, general secretary of Protermosolar, is one of the [...]
Gonzalo Martín, General Secretary of Protermosolar, will analyze what the role of concentrated solar power plants will be in energy storage within a decade at the I Energy Storage Congress (ALEN'20). Currently, thermal storage in molten salts in solar thermal power plants reaches 7 GWhe in Spain. This type of [...]
Wind power generated 18.2% of electricity in September, solar thermal 2.2% and photovoltaic 6.9%. National electricity demand for September is estimated at 20,598 GWh, 3.3% lower than that registered in the same month of the previous year. If the effects of the calendar and temperatures are taken into account, the [...]
Spain’s National Energy and Climate Program (PNIEC) is expected to restart the development and construction of CSP projects that have been silent for 7 years, with up to new 5GW of CSP installed capacity to be added in the local energy matrix from 2020 to 2030. This news is like [...]
